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EXHIBIT 14
 The Fauquier Bank
  Organizational Functional Area:
    
    CorporatePolicy:
    
    Business Conduct and EthicsBoard Approved:
    
    May 18, 2006Effective Date:
    
    May 18, 2006Last Revision Date:
    
    April 20, 2006Department/Individual Responsible
For Maintaining/Updating Policy
    
    VP, Human Resources
 BUSINESS CONDUCT AND ETHICS
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
    
    Maintaining a safe and healthy work environment;
    
    Promoting a workplace that is free from discrimination or harassment based on race,
color, religion, sex or other factors that are unrelated to the Banks business interests;
    
    Supporting fair competition and laws prohibiting restraints of trade and other unfair
trade practices;
    
    Conducting its activities in full compliance with all applicable environmental laws;
    
    Keeping the political activities of the Banks directors, officers and employees
separate from the Banks business;
    
    Prohibiting any illegal payments to any government officials or political party of any
country; and
    
    Complying with all applicable state and federal securities and banking laws and
regulations.
    
    
    Be a consultant to, or a director, officer or employee of, or otherwise operate an
outside business that markets products or services in competition with the Banks current
or potential products and services;
    
    Have any financial interest, including stock ownership, in any such outside business
that might create or give the appearance of a conflict of interest;
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
    
    Seek or accept any personal loan or services from any such outside business, except
from financial institutions or service providers offering similar loans or services to
third parties under similar terms or in the ordinary course of their respective
businesses;
    
    Be a consultant to, or a director, officer or employee of, or otherwise operate an
outside business if the demands of the outside business would interfere with the
directors, officers or employees responsibilities with the Bank;
    
    Accept any personal loan or guarantee of obligations from Company, except to the extent
such arrangements are legally permissible;
    
    Conduct business on behalf of the Bank with immediate family members, which include
spouses, children, parents, siblings and persons sharing the same home whether or not
legal relatives; or
    
    Use the companys property, information or position for personal gain.
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
    
    Make false or misleading statements to customers, suppliers or other third parties;
    
    Make false or misleading statements about competitors;
    
    Solicit or accept from any person that does business with the Bank, or offer or extend
to any such person,
 
    
    cash of any amount; or
    
    gifts, gratuities, meals or entertainment that could influence or
reasonably give the appearance of influencing the Banks business relationship
with that person or go beyond common courtesies usually associated with accepted
business practice;
 
    
    Solicit or accept any fee, commission or other compensation for referring customers to
third-party vendors; or
    
    Otherwise take unfair advantage of the Banks customers or suppliers, or other third
parties, through manipulation, concealment, and abuse of privileged information or any
other unfair-dealing practice.
 VII.
    
    ACCURATE AND TIMELY PERIODIC REPORTS
  
    
    Comply with generally accepted accounting principles at all times;
    
    Maintain a system of internal accounting controls that will provide reasonable
assurances to management that all transactions are properly recorded;
    
    Maintain books and records that accurately and fairly reflect the Banks transactions;
    
    Prohibit the establishment of any undisclosed or unrecorded funds or assets;
    
    Maintain a system of internal controls that will provide reasonable assurances to
management that material information about the Bank is made known to management,
particularly during the periods in which the Banks periodic reports are being prepared;
and
    
    Present information in a clear and orderly manner in the Banks periodic reports.
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COMPLIANCE CERTIFICATE
   SignaturePrinted NameTitle/Position  o
 o
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